Nifty
Early signs of market breakdown are here
At the end of the week with losses on all five days and a poor February futures expiry, markets will be under pressure from the start of the new week as Dow had yet another poor session on Friday. BSESENSEX lost 1,538.64 points or 2.52 per cent to close at 59,463.93 points while NIFTY lost 478.40 points or 2.67 per cent to close at 17,465.80 points.
Indian stock markets plunge down sharply over fear of new 'Cold War'
The markets reacted adversely following Russian President Vladimir Putin's statements and the threat of war escalation, said Mitul Shah, Head of Research at Reliance Securities. Shah added the crisis in Adani Group stocks worsened as all 10 stocks faced selling pressure. Since the release of the Hindenburg report on January 25, Adani group stocks have lost 60 per cent of their value.
Margin recovery highlight of Q3 results: ICICI Securities
"This is post a low of 14.7 per cent margin recorded in the last quarter i.e. Q2FY23. On an aggregate basis (ex-financials), the Nifty topline for Q3FY23 was largely flat QoQ at Rs 13.4 lakh crore with EBITDA up 16 per cent QoQ at Rs 2.3 lakh crore and PAT by 16.6 per cent QoQ at Rs 1.1 lakh crore," the report notes.
Markets welcome 2023 on a positive note
The absence of global cues, strong macros and expectations of healthy corporate earnings provided the support to domestic equites, said Siddhartha Khemka, its Head - Retail Research. Nifty opened higher and remained in positive territory throughout the day to close with gains of 92 points at 18,197 levels. Majority sectors ended in green.
Nifty Bank closes at 44,049 points on Wednesday
"We expect this outperformance for banks and the tailwind for the sector to continue for 2023," Nishit Master, Portfolio Manager, Axis Securities PMS added. According to him, in the short term, after Tuesday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets.
Momentum in markets is setting in
BSESENSEX gained 574.86 points or 0.92 per cent to close at 62,868.50 points while NIFTY gained 183.35 points or 0.99 per cent to close at 18,696.10 points. The broader markets fared much better and we saw BSE100, BSE200 and BSE500 gain 1.18 per cent, 1.42 per cent and 1.50 per cent respectively. BSEMIDCAP was up 2.84 per cent while BSESMALLCAP gained 2.43 per cent.
Sensex touches record high at 62,272; Nifty nears 18,500
The BSE Sensex closed at an all-time high of 62,272.68 points, up 762.10 points or 1.24 per cent, on Thursday. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said Indian equities had a stupendous day on the monthly F&O expiry with key benchmark indices touching record levels.
Markets likely to make new lifetime highs this week
Friday saw markets gain close to 1,180 points on BSESENSEX and 320 points on NIFTY. This not only wiped out the losses but also helped in the week closing with gains. BSESENSEX gained 844.68 points or 1.39 per cent to close at 61,795.04 points while NIFTY gained 232.45 points or 1.28 per cent to close at 18,349.70 points.
Samvat 2078 of to a solid start
BSE Sensex opened at 59,804 points, a gain of about 500 points compared to the previous close. Nifty opened at 17,736 points, a gain of about 160 points. The highs of the day were 59,994 and 17,777 points respectively. Markets closed at 59,831.66 points, a gain of 524.51 points while Nifty closed at 17,738.45 points, a gain of 162 points.
Avoid sectors having global exposure like IT, oil, gas: ICICI Securities
In a report, ICICI Securities said the year 2022 has been marked by volatility on account of a wide variety of global new flows ranging from geopolitical issues, higher inflation (mainly food and energy), and hawkish action of central banks. This has led to a decline in global equities, mainly in the US and Europe.
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